Hari Shankar Prasad, J.

1. This appeal is directed against the judgment dated 1lth February, 2003 and decree dated 21.2.2003 passed in Money Suit No. 83 of 1996 whereby the learned Sub-Judge-IV, Ranchi decreed the suit.

2. The case of the plaintiff-respondent, in brief, is that the Regional Manager of defendants, by his letter dated 20.2.1992 requested the plaintiff- MECON Company to enlist them as bankers of the plaintiff and requested for opening an account with them. After discussions held on 26.2.1992 with the General Manager, Deputy General Manager and Regional Manager of the defendants about specific requirement of Banking Services, the defendants, vide their letter dated 27.2.1992 intimated their acceptance to provide the following services on opening an account with them.

(i) Cheque received from the plaintiff would be given instant credit without any charge. (ii) Remittance to plaintiff s outstation branches would be done free of cost.

(iii) Cash would be remitted to plaintiffs office at their cost, and

(iv) They invited proposal of Bank Guarantee, from the plaintiff for their consideration.

3. The plaintiff, in response to their letter dated 27.2.1992 informed the